Manatt, Phelps & Phillips' strategic consulting arm is no more.

Monarch Global Strategies LLC opened on Aug. 1 after Manatt Global Strategies closed its doors. The new independent venture is comprised of several Manatt Global executives, including the latter's former president Michael Camuñez and ex-chairman James Jones.

Monarch Global has about a dozen employees working out of offices in Los Angeles, Mexico City and Monterrey, Mexico, and Washington, D.C. Like its predecessor within Manatt, Monarch Global will focus on advising companies that do business in Mexico and Latin America.